Bottle Sealing Wax Market Report

Market Insights

The Global Bottle Sealing Wax Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx % during the forecast period.

Figure: Global Bottle Sealing Wax Market Size, 2020-2026 (USD Million)

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What is Bottle Sealing Wax?

From the past few years, packaging solutions have progressed significantly in terms of colour, appearance, features, and convenience. The primary purpose of packaging is to preserve and protect the product from any type of harm during transit, storage, and consumption.

Bottle sealing wax is a kind of packaging solution that has been used conventionally to keep products fresh and to ensure that there is no scope for damage and tampering with the product and the packaging. There is a broad range of bottle sealing wax available in different colours which can be used specifically for bottles.

Key Players

Key players operating in the global bottle sealing wax market are-

• Australian Wax Co (Australia),
• Brick Packaging LLC (The U.S.),
• Calwax, LLC (The U.S.),
• City Company Seals Ltd (UK),
• The British Wax Refining Company Ltd (UK),
• Blended Waxes, Inc. (The U.S.),
• The Darent Wax Company Ltd (UK),
• Southwest Wax LLC (The U.S.),
• Oakbank Products Limited (UK), and
• Jax Wax Pty Ltd. (Australia).

Market Dynamics

Growing disposable income and an upsurge in the usage of superior packaged products are the prime factors propelling the product market growth. Further, sealed wax products are easily obtainable in hypermarkets, supermarkets, and e-commerce thus contributes to the growth of product demand. Also, handling efficiency required to open bottles devoid of cutter or knives with no foil cuts on the bottle further drives the product demand. However, extensive usage and availability of cap liners are likely to restrain the market expansion.

Segment Analysis

Product Trends

The bottle sealing wax market has been bifurcated into beads and bricks.

• The beads segment accounted for the largest share in the global market and is projected to grow at a considerable CAGR in the following years.
• It is high in demand than bricks which find usage for sealing alcohol beverage bottles.
• Moreover, it is used in machine sealing and manual sealing of product packaging.
• Currently, machine sealing predominates manual sealing.

Regional Trends

On the basis of region, North American dominated the bottle sealing wax market in 2020.

• This is mainly attributed to high standards of living, increasing purchasing power, and a strong packaging sector.
• Also, the region is known for higher alcohol consumption, thus propels the demand for bottle sealing wax for liquors, thus augments the regional market growth.

COVID-19 Impact on Global Bottle Sealing Wax Market

The alcohol industry has witnessed a brunt from the coronavirus pandemic and would likely take five years to grow back to its normal position, the partial and complete lockdown of bars, restaurants, and pubs across the globe due to lockdown and social distance norms adversely affected the sales of liquor, thus affecting the demand for bottle sealing wax market. Moreover, forced closure of the hospitality sector and restricted tourism activities further declined the sales of alcoholic beverages, further hampered the product demand.

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Critical Questions Answered in the Report

• What are the key trends in the global bottle sealing wax market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global bottle sealing wax market?
• What are the key strategies adopted by the major vendors to lead in the global bottle sealing wax market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Bottle sealing wax market hopes to have the greatest opportunity to convert-

• Bottle sealing wax companies
• Bottle sealing wax retailers
• Liquor companies
• Restaurants
• Cosmetic companies

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